₦airaland Forum

netotse:
had high hopes for this thread but oh well...

netotse:
had high hopes for this thread but oh well...

kaboninc:
Netotse, I see you oh Kwontinue!

netotse:
Yep...

netotse:
Boss, no insults intended, I was wondering why you expect Nebo to show you pictures of damaged pipelines for you to believe?
He neither owns nor operates any gas pipelines so why? He would tell you about the vandalism because it affects his performance not because he is responsible. (I can give you links showing David Ige talking about Electricity transmission, what does that prove?)
Bros, the singular act of quoting that standard wrt vandalism tells me you don't understand what gas-to-power is about.

However, because it's thursday and I'm feeling nice, here, *
oh BTW, the crater in the picture you see was caused by the explosives used to blow up the pipeline, I'd be very much interested in knowing what part of ASME B31.8 talks about the pipelines that can with stand explosions from dynamite strapped to it.

There are some f00ls that want to sabotage the reforms in the electricity sector that's why they blow up the pipelines, I can't remember which incident exactly but there was an incident of vandalism that some group claimed responsibilty for and said it was as a result of the gas city brouhaha late 2014.

The case of TFP is the major one we've been experiencing this year though and that is economic vanalism.

*I personally received a force majeure notice when that pipe was damaged so I'm not talking about hearsay.

dvee2:
Its very hard to justify cheating, but that's the plain truth. One of the oldest surviving Hollywood marriage- will smith and jada pinket, the wife gave the same advice to married women recently, do not police or monitor your husband, for a man, sex and love are two different things, a man can love his wife to heavens but still have side chicks just to satisfy his physical desires. a word is enough for the wise.

Mynd44:
Iranu. Abasha.

To you not men.

Don't lump me together with you in your disgusting defence of your failures abeg

Mynd44:
This is either sarcasm or BS. How can a man say and you call him "intelligent"?

I don't understand you people.

And Ujsizzle, biko tell me you shared that by mistake.

kaboninc:
You are a funny guy. Transactions don't wait as you may think. And the oil market is not a market that can afford to wait for you. Also note that these are pre-ordered goods. Trust is the fulcrum here and should you show any sign of distrust, you may have problems with subsequent orders. Also note that the market is a very volatile one. If not for the government's subsidy, they would have included the exchange differential cost into the final cost per liter and so we get to pay for it at the retail outlets. That is the unfortunate cost of devaluing the currency.



Let's not talk like comrades because comrades never see anything positive in a legitimate business. The days of briefcase businessmen are over. Today, claims are carefully verified before payments are made. So you must have a minimum storage capacity before you would be allowed to import. But sometimes, due to circumstances beyond your control, your storage tank could be over utilised and you would need a partner or someone else to provide your product some accommodation. It happens in every business. There's nothing wrong with it. NNPC has a problem of itself and needs to clean itself. But in the mean time, you can help with your tank farm and rake in your money. In business, you always profit from one's misfortune.



Maybe you should explain yourself here especially the bold part. Currently, some private depots could be selling at a high price just to take advantage of the situation. But definitely, the retail stations cannot sell above the pump price in strictly monitored areas. So you also agree that there is a cabal? Hmmmm. The Major Oil Marketers cannot just go on strike. Your comrades, PENGASSEN, NUPENG and NARTO and all of you are really the pains in our as.s. You go where the money goes.



Netotse has replied you on this. You just do not believe that there is really pipeline vandalism for gas related products? I wonder what you believe in. On the idea that substantial amount of power be routed to densely populated areas just to reduce PMS consumption, that to me is may not substantially reduce fuel consumption. The major use of PMS is in motor vehicles and transportation. We have an increasing number of cars on Nigerian roads. But we'll talk about it at a later date.



Like I said, take off the subsidy and open the market.



I did not echo your sentiments.

It is this same former administration that you so much hate and slander with so much passion that was championing the use of clean energy. NGC as a substantial market share (in fact, the highest) in the cooking gas segment.



Sorry about that. However, PENGASSEN, NUPENG the only difference is just the name. They are just the same.



You're funny. Take off the cloak of the 'Nigerian' styled unionism.

Even Shell, Total, Eni, ExxonMobil and co all have political appendages, both at the time of entering the Nigerian economy and now. As a businessman, you just need those favours and if a politician can guaranty you that, why the fuss? Why worry about the indigenous companies who have political appendages? What you should worry is if they meet international best practices. If they follow international best standards in all their operations. What are their safety policies, environmental measures, all these should bother you.



You can't compare the structure and operational capabilities of Shell over NNPC, not to talk of NPDC. Shell has presence in almost every country oil is found and NPDC is found where? Also, Shell is not subject to government bureaucracy as with NNPC nor NPDC who seek approval from NNPC who in turn is subject to government's interference. Like you insinuated in your opening post "NPDC oil production will no longer be part of the Nigerian JV oil controlled by senate approved budgetary benchmark. ", it was never under the approval of the Senate. My idea still stands as the alternative as against yours. Here, I reproduce it:





Again, forget your comrade-ish here.

The assets are still held by the NPDC (NNPC transferred their 55% equity stake to NPDC) and the other JV partners. What is at stake here is the operatorship. The actions of PENGASSEN is really appalling here. If NECONDE can do a job well done, why the fuss? Seplat is operating the assets it shares with NPDC.



I still haven't understood what you mean by 're-basing'



Funny you.



You really are confused. You want their operating license revoked and when they just did, you are here complaining of asset stripping? Talking about PENGASSEN showdown and Itsekiri rampage?

netotse:
errr...quick question, why do you think it is the minister of power that replaces(or is responsible for replacing vandalized pipelines)? either you clearly don't a lot about gas-to-power in Nigeria or you're simply trying to give a dog a bad name to hang it.

What Nebo [i]sees [/i]is not vandalized pipelines, it's low gas pressures and it's clearly evident to the people that utilize gas in Nigeria. In most cases, particularly for the power plants, NGC is the operator so when is an incident of vandalism occurs it is NGC that sends notices declaring a force majeure out not the minister for power, he would get a notice just like any other customer (ok, maybe a bit earlier ).

All you see is newspaper articles and press briefings but all these incidents are real to some Nigerians, they mean sleepless nights, missed targets, angry spouses, overtime and the rest.

I agree there's no economic benefit derived from blowing up gas pipelines, but it isn't only the gas pipelines that are the issue, some crude pipelines has a direct bearing on domestic gas supply, particularly TFP (transforcados pipeline)

P.S. I would have posted pictures of vandalized pipelines but I'm sure you're likely to come up with some other complaint.


For the records, I DO NOT like Nebo for any reason whatsoever, dude was far out of his water.

Chivasex:
So what is the fixed monthly rate for? because this means even while am not at home for say a year I will have bills waiting for me just because I am a Nigerian right?
IDIOTS and Criminals
I can see the so called change we voted for?
And no one even has the heck to challenge these evil people killing the common man.
Everywhere in the world I know once you switch off your meter you bills come to zero but no so for Nigeria where they keep reaping where they never sowed.
Not even thinkin of taking such fraudulent charge but they have stated that they will continue even increasing it as the years roll by.
What A shame

netotse:
@jpphilips
Your assertions as per gas vandalization are a joke.

But before then, there have been no sale of oil asset by this government. Only participating interests. All oil assets belong to the Government and People of Nigeria. In fact, I don't know of any OPF today that is not less than 55% controlled by NNPC.

[quote author=Sweetguy25 post=34352162]Phase 1: You didn’t take to account some factors
1. Currency devaluation
2. Interest rates
3. Oil prices
These factors affect the cost of subsidy they’re very unstable. Besides, what happens while the probe is going on? Can Buhari assure Nigerians of constant fuel supply while the probe is ongoing?

Phase 2: Your plan on the power sector is not fool proof.
1. It will take more than 1 and a half year to fix our transmission infrastructure
2. Osinbajo talked about using embedded and distributive power as a short term fix. The problem with this method is that it’s very expensive. There will be little or no investment because the current tariff rates are very low. Investors will barely be able to get positive returns on their investment.
Update your time frame – 2 years and Buhari has spent about 2 trillion on subsidy.

Phase 3: Yes, Kerosene subsidy has to go but will Buhari be willing to end subsidy on Kerosene due to his pro-poor stance?

Phase4, 5, 6: What has NPDC got to do with your topic? Also remember that these contracts (management contracts) take at least six months to 1 years to be implemented.
If you add everything up, its three years plus trillions in subsidy payments.

Its a very complex situation that demands careful thought processes and planning but subsidy has to eventually go.

You saying the former Finance Minster failed is at YOUR own discretion. Now let’s take a look at your claim.
PMS brought into the country are imported ON BEHALF of the Nigerian Government. Simply put, the Nigerian government (through the PPMC, a subsidiary of the NNPC) asks the Major Oil Importers (Oando, Forte Oil, Conoil, MRS, etc) to bring in fuel into the country so as to complement the products brought in too by the NNPC. So they are acting on the ‘instruction’ of the Nigerian Government. The product will then be sold through their outlets. So definitely, the Nigerian Government ought to assume all liabilities (including the profit margin) incurred in this transaction. That’s the bad side to this Import Principle Model.

As at the time of importation, these companies take up bank credits to finance these imports with the guaranty of the Government to ‘stand in’. So they open Letters of Credits in USD before the devaluation and after the product have been delivered, and the LOC is to be liquidated, the naira value will not be the same as it was when the LOC was opened. For example, Kab Oil opens a LOC of $5 million @ 150 naira (CBN’s official exchange rate). When delivery and confirmation of goods is done, the exchange rate becomes 180 naira leaving a difference of 30 naira. Thus, 30 naira is the Exchange Rate Differential. Thus since Kab Oil imports on behalf of the Government, the liabilities (including the exchange rate differential) must be borne by the Government. So the marketers were right in requesting for it.

Storage of these products forms part of the subsidy because it is inputted into the cost of the product and remember they all import on behalf of the government. If it wasn’t so, the cost will be transmitted onto the consumer and reflected in the cost sold to them. In diesel, an already deregulated product, the cost per liter sold at the gas stations already have other components (transport margin, storage cost) inputted. Not every storage/depot owner owns a license to import. Some build a storage facility and store products on behalf of other marketers who have more products than their facilities can contain. An example is between Capital Oil and NNPC.

Then again, with respect to PMS, NNPC does not sell to private depot owners at any subsidized rate but use their facilities to store her products.

Firstly, using the analysis of 45l per home is highly insufficient. The average Nigerian home does not have all the facilities as with homes in developed countries. At most, the electrical appliance that can be on for 24 hours is a refrigerator. So your 45 liter is seriously flawed.
The best fix for power is still gas and gas plants. And this government has made commensurable improvements in availability of gas to power plants. There have been major problems some of which is vandalism because I wonder the economic gain derived in vandalizing gas pipelines.

You can as well fix any amount you feel is sufficient, the Phase two strategy is based on directing more electricity to densely populated cities to encourage them to turn off their Generators, so far, you have not flawed that postulation. The govt you Eulogize did more harm than good to gas generation, if you think otherwise, what is DSO for gas doing in the almighty PIB if the Govt is sincere? Mention any country in the world with proven gas reserves as Nigeria, practicing a DSO model? About vandalism, we know that gas lines that power plants have no economic benefit so why are they being vandalized? why have we not heard that one person was caught? Have you seen a vandalized gas pipeline picture since Nebo started singing? have you ever witnessed any and the inferno that ensue? Since we started asking for pictures, he changed his claim that it is done under water , as if all the lines have river crossings?

I can understand gas lines sabotaged during spiking because boys want to steal condensate but power gas lines? haba!! we are not stup!!d bro!!
while you ponder over these questions, an IOC complained sometime ago that his pipelines were vandalized on a weekly basis, after two years, they got angry and sold off the facilities (over 2billion barrels of oil was divested), through a wuru wuru bidding process, some companies emerged as new owners, for 3yrs now, we are yet to hear that a single line was sabotaged, use your tongue and count your teeth, only Nebo and his oga at the top can explain who the culprits are, I can't be bothered about that.

Kerosene is a commodity that strikes at the very heart of the average Nigerian as a large percentage of Nigerians use kerosene to meet their energy needs (cooking, burning, etc), from the urban areas to the rural areas even amongst the middle (and upper middle) class. Tinkering with it has a huge political cost which am sure, should you be in that position, would not afford to incur. Kerosene is used not just by the Nigerian people but by other industries like the construction and aviation industry. And should you own an airline, wouldn’t you go for a product that sells for a ridiculous lower price?

Then again, since the retail price of kerosene is regulated (50 naira) why waste money importing such a product when I can’t even sell at the cost price? The minus of this is that the product is majorly supplied by the NNPC (don’t know if they are the sole importer). Now compare that to PMS. If NNPC was the only supplier of PMS….

Then again, if you’ve noticed, the focus has been on sensitizing people on appreciating clean energy and safe environment. Here, cooking gas (we have gas in abundance, we do not import and we have the facilities to produce and process it) is having a strong commanding preference over kerosene. Enlightenment campaigns especially by companies who do not participate in the kerosene racketeering is strongly been pursued especially in developing cities like Greater Port Harcourt, Abuja, Benin and in some cities in Lagos too. Also, this campaign is taken to the Nigerian on the street, the market women in Ketu and the traders selling on Broad Street in Lagos.
My take is to encourage other oil marketers to go into this business and remove the subsidy.

This piece you wrote up there, it is like you are a member of these unions. Firstly you said NUPENG alleges a production of over 170,000 bpd, yet from industry sources, the NPDC was struggling to cap 90,000 bpd as at 2013 yet you give a conservative figure of 130,000 bpd? Don’t you think you are exaggerating here?

You blame Alison Madueke for the woes in this industry. Yet it was during her reign that we witnessed a considerable, visible and increased participation of indigenous Nigerian companies in the oil and gas industry especially in the exploration and production segment (upstream). It was in her reign that NPDC and other indigenous companies were given the opportunity to play a very big role in the upstream sector of the Nigerian oil and gas industry.

If the indigenous companies came with good intentions, why will I complain? who are the so called "indigenous companies"?
Mention anyone you know that is active in the industry without a political appendage?
Our oil and gas assets were divested for political patronage and you think it is in your interest?
Have you measured our industry growth in the last 5yrs? what has the so called indigenous players contributed to the oil industry infrastructure and technology wise? what was bequeathed on us is an assortment of racketeers, cabals and middle men who have everything to gain but nothing to contribute to the industry growth and you think it is cool?

have you bothered to compare the safety rating of our industry with what it used to be 5yrs ago? our oil fields are littered with dilapidated vessels, you saw the you tube video rescue of the capsized vessel where we lost 11 sea men in one incident, the standard has so fallen under her watch, do you want a Nigerian Alpha piper before you will realize the mess she left in the industry?

What was the oil and gas workers welfare 5yrs ago compared to now? bros, the list is endless, while the niger delta people has formed militant groups to challenge environmental degradation, your sweetheart conveniently enshrined "flaring permit" in the PIB, to be secured from the office of the Petroleum Minister , little did she know that change will come. stop taking that woman seriously.

Today we have Seplat, Seven Energy, Aiteo, Pan Ocean Oil all taking operatorship roles in these oil assets.
When Shell began contemplating diversification of its business interests in Nigeria, the strategy was to go into deep-water exploration. This was as a result of constant insecurity, instability within the environment of the oil assets leading to financial and in some cases, human losses.

This diversification strategy implies divesting (or rather selling off) their equity stakes (or participating interests) in these assets. In 2012, when the first set of divestments occurred (OML 26, 30, 34, 40, 42), NNPC as part of the original JV had a right of first refusal in the operatorship of the assets. So they took this and transferred the operatorship to NPDC. NPDC which originally operated 2 oil assets (OML 65 and 111) was given additional 5 OML assets to operate. That act really overwhelmed the abilities of NPDC both in technical and financial constraints. Remember, when Shell (and Total and Eni) were operating these assets, even with NNPC as a JV partner and most times defaulting in its financial obligations, operations were not disrupted.

Now, NPDC who usually go to NNPC for approvals, is now given 5 additional assets to manage, how do you think they would cope?

You made an unavoidable blunder when you alleged that All the oil blocks, production platforms, Marginal wells diverted, sold or on lease by madueke including the recently divested SPDC assets should be returned to NPDC with immediate effect.

There were no oil blocks, production platforms, marginal wells that were diverted, sold or leased by Madueke. Your hatred for this lady must really be unfounded and compelling too. Participating parties (Shell and co, with a sum total interest of 45%) sold their interests (and not assets) to other companies while the Nigerian Government through the NNPC retained her interest (55%) in these assets. In the first set, the operatorship was transferred to NPDC. Am sure in subsequent sales (OML 18, 24 and 29), the new buyers would raise some concerns in the operatorship of these assets.

The Nigerian JV structure is not subject to any Senate approval/vetting. Maybe from the President through the Minister, I can’t say. But I do know that the NNPC offsets its obligations after sales and that has been the major bone of contention between the NNPC and the government. Even the PwC report commented on this.

NPDC operatorship license should not be revoked but the company should either be given the opportunity to grow its capacity, encouraged, financed or stripped off some assets to improve efficiency. They say to whom much is given much is expected. They are not capable for now. So they should be given some assets (2 or 3) according to their abilities and made to grow. If they show themselves capable to take on other assets and responsibilities, then they should be given the opportunity. Else they should continue improving. That’s how you grow a company.

However, why rebase the NPDC production? You of all person should know that NPDC’s business is about extracting crude oil and processing it (not refining) for sale to clients. Whoever buys this crude is of no economic value to NPDC but the price at which it is sold. Also note that, like I have pointed above, SPDC and co. sold their participating interests in these assets and nothing has changed. NNPC retains the 55% on behalf of the Nigerian government and the other 45% by the new party.

The best solution is complete and outright sale. Even considering a facility management model have proven to be futile at best when it comes to managing government owned assets. Selling alone will open the door for investors to flood the market. Refineries will be built.

Here2BustnScrew:
I can remember buhari the illiterate criticizing Jonathan for seeking support from neighbouring countries in fighting boko haram. so now what is he going to Niger and Chad to do? Buhari is a hypocrite and I pity you all that voted him. as for me n my family I don't belong to NIGERIA. una go hear nwii.

" Buhari, however, has already
criticised Jonathan for relying on
Chad to push back Boko Haram,
saying his government would
tackle the problem alone."
http://thenewsnigeria.com.ng/2015/03/03/boko-haram-nigeria-slows-down-chadian-forces/

" Meanwhile, the President’s media
office has announced that Buhari
would on Wednesday and Thursday
visit Niger and Chad as part of the
efforts to end the lingering Boko
Haram crisis in the country."
http://dailypost.ng/2015/06/02/insecurity-buhari-to-visit-niger-chad/

he doesn't have money but his wife wears a watch worth 10million Naira.

Fixing power is a very big challenge that somehow compliment the high consumption of energy (pms). 60% of Nigerians that live in urban areas uses generator. If the power sector works the demand for pms will drop drastically. The proposal by VP is a fast and quick way of fixing power sector. But in the power sector there are two school of thoughts;
1. Need a National grid to monitor the distribution of power by building big power plants.
2. The building of small power plants and eliminate the huge cost of transmission and power loss along the line.
These is a big challenge, both of them have their advantages and disadvantages which can not be elaborated because of time. I belong to the school that believes small power plants should be built to solve the immediate challenge of the country. States that are buoyant can build their own power plant and supply their states and if the have enough can sell to the FG or to other states. With these system it will reduce the burden on the FG to provide power to the whole Nation. Over time they can even interconnect these smaller power plant in a ring form.
Also, private investors can be encourage to build small power plants to power industrial area. Power plants generating 33kv or 11kv should be encouraged, these will eliminate the huge investment in transmission but will require also investment in stability of the power system.

I still have a challenge in the source of power. The challenge of pipeline is yet to be resolve and also storage of gas within residential or urban centres are very dangerous. Using Solar and wind are very expensive. The best alternative is thermal, hydro and coal.
The coal power plant should be encouraged because of the huge deposit of coal we have in eastern Nigeria. Nuclear should be out of it cos we are yet to manage the hazards generated from our crude oil fields.

DVanguard:
The Challenge the present government has now is how to enlighten the populace against the believe that subsidy must be removed. The so-called cabal has succeeded in that part which will be difficult to change. If the New govt removes it without addressing some of the question you raised in your phase 1, we are definitely creating another market cartel in the PMS market like the Diesel market.
{before we say we remove subsidy, we should be sure of the quantity of fuel we consume daily, the quantity we require with a period of time, the quantity we have subsidies as at present, the expected quantity. If all these are done, it will give us a clear view if we really pay subsidy, need to pay subsidy or remove subsidy. Cos from most position, we just keep importing without having a concrete record on our daily consumption.}
I believe the FG should streamline the number of Licensed Importers and ensure that certain guidelines are set before they are licensed to import fuel. The licensed importers will be given a grace period that after proper consultation will have a deadline that will ensure local production. Therefore the FG will encourage smaller refineries to be built and create a legal frame work for easy operation of the private sector in the system. The FG needs to be sincere and train it staffs to ensure they meet up with the challenge. Bottle necks on importation, port clearance, licenses approval etc should be worked on to easy and interest investors.

AhmadMind:
NIGERIAN EXECUTIVES SHOULD LEEAD FROM THE FRONT AND REJECT USELESS "GREEK GIFTS" THAT ARE EARLY BRIBES AND POISONS......WE KNOW HOW NIGERIAN BUSINESS MEN GIVE EXECUTIVES EXOTIC CARS ETC ETC.... BE AFRAID OF THEM "FRIENDS"[b][/b][i][/i][/color]

Sweetguy25:
Thats not a proper way to analyze the issue at stake.

34 trillion at an exchange rate of 150 naira to a dollar is equivalent to almost 300 billion dollars or thereabout.

300 billion dollars was spent in seven years, approximately 47 billion dollars was spent per year in the last seven years.

On a per capita basis, 47 billion dollars per annum for a population of 170 million people is not up to 400 dollars, which is extremely paltry and meager.

South Africa, with a population of less than 50 million has an annual FG budget of about 120 billion dollars (about 20 trillion naira).
Egypt, with a population smaller than ours has an annual government spending of over 60 billion dollars.

The United states, has a government (federal only) spending of 3 trillion dollars (about five hundred trillion naira) per annum.


The 34 trillion naira you think is "staggering" could barely be enough for our education sector alone.

I have found out that a vast majority of Nigerians don't seem to understand the fiscal limits of the Nigerian government. You people think the country has too much money and we're so rich and buoyant. Y'all should wake up!

Look at it from this point of view;

Nigeria is not wealthy as such the wealth could hardly go round due to high population, no doubt about that, but the fact is that, even the little is mis managed reason we can hardly point to anything tangible done with the money, this will shock you;

The most sophisticated fighter jet in the world sell for $361m, cant we afford it? do we have it?
The longest bridge in the world cost $8.5m cant we afford it? do we have it?
one of The biggest car assembly plant in the world cost $1b, do we have it?
The biggest Refinery in the world cost $6b in three years, do you have it? cant we afford it?
The longest Natural gas Pipeline in the world cost $5.7b, do we have it? cant we afford it?
The biggest airport in the word, cost $9b do you have it? cant we afford it?
The biggest power plant in the world cost $26b do you have it? cant we afford it?

Guess what, Nigeria has one of the biggest churches in the world,

The list is endless, if Nigeria managed to get one or two of any of the above, the economic chain reaction will be enormous, a lot of people will be lifted out of poverty.
Nobody except the Govt funds to be shared amongst its citizens, purposeful spending by the govt will lift a lot of people out of poverty, what we have in Nigeria is directionless spending, corruption and insincerity of purpose.

You will be shocked that one stup!!d project in Lagos cost as much yet it still amounts to nothing. The fundamental flaw that needs to be fixed is mismanagement, nothing else. Assuming your $300b was managed properly, we could get one of those, a senseless Okonjo Iweala will definitely disagree and fix culpability on population.

Nigeria's population is supposed to be a blessing not a curse, all the countries in the world will see Nigeria as a destination for cheap labour citeris paribus, Iweala will definitely disagree.

I'll like to differ from the 'accolades' you've been receiving from posters above because your write up is filled with distortions, misinformation, misrepresentation and forgive me, ignorance. Then I'll like to add hatred for Jonathan and his team.

I rather you point out the "distortions", "misinformation" and "misrepresentations" that is what the thread is about, it is not water tight yet, so I implore professionals to criticise the plan constructively, where you can not, i rather you stop distracting others who can.
The difference between you and I is this; while you brood over "hating" public officials, I utilize my quiet time, pick up their policies, analyse them comprehensively and extricate the merits from the demerits, of course over Benson and a cup of coffee
I dont have time to hate anybody, their policies affect me one way or another as such it is my duty to design an escape strategy for myself.

But before then, the only way to remove subsidy is simply by removing it. Just announce a complete removal and that's all. At this stage, it will cost us more (even at the risk of not solving the problem) should we tinker with a 'phased' removal.

Tomorrow, I'll explain better.

PMONEY6:
Whats all these noise about? What if someone had bought it for her as a gift? She should have trew it away because Nigerias will have problems with it? Whats all these! The person in question has never been elected into any political office; besides, shes a business woman. Anyway I now understand the popular saying: what ever you do, people must talk. Enemies of progress please let her be for Christ sake!

DVanguard:
@jpphilips:
I respect your knowledge of Energy, Power and the Economy. I read your article, it really hit the points and belief i have about the challenges in our energy and power sector. You indirectly did not want to state that you don't believe in the subsid but technically created a platform to determine how much we need daily for consumption and how much compensation (subsidy) needed by the govt to pay for imported fuel.
I am challenged by your wonderful writeup. Kudo's.

The dual does not refer to aviation, the principal difference between aviation fuel and normal kero is that aviation fuel should not allow ice formation at low temperatures, this requires extra-processing thus the increased cost, so for anyone to be using Aviation fuel as normal kero...smh.

I never said that the dual refers to aviation, dual refers to "two purposes", yes they contaminate Jet A1 with normal kero, I have conducted a QC check on jet A1 and got a density of 0.83 guess you know what that means.
If Government removes subsidy and flight charge increases, does it not prove that somewhere along the chain, Govt subsidize it?

Found an article from 2011 that supports your assertion, wouldn't be surprised if it's still happening. I can guess who the marketer being referred to in the article is... does the term sea side boys ring a bell? http://www.thisdaylive.com/articles/kerosene-as-aviation-fuel-threatens-air-safety/105628/

Focusing on only subsidy removal is farrrrr less than ideal. Urban migration would increase putting more strain on the resources and you're likely to end up where you started. Since you say your goal is to remove subsidy then I'll leave this point alone.

People in the village will just relocate to the city because Lagos have more electricity than them? I doubt if you will do that.
however we get electricity right, we can agree that the rural dwellers will be short changed in the short run, because the new owners will definitely want to maximize profit, why do you have more Redeem churches in the cities than villages?

My bad, you mean something like an O&M? that would work.

barcanista:
@jpphilips

I don't like back and forth argument. You don't know what you are saying if you think Buhari has integrity or he is serious. Someone that can't even declare his asset. You are also on a long thing if you think the cabals will allow "Phase 1"

For you to say Obj will "blackmail" NASS members shows that you are ignorant of the political workings of Nigeria.

For your "Osinbade is building it" claim, I laugh at you. Nigeria has lots of briliant plans on PAPER since the time of Gowon but implementation is another thing. I'm not thrilled by brilliant proposals on paper but by executing brilliant policies.

You should know the difference between system restructuring and policy overhaul. In system restructuring I mean the adoption of "True Fiscal and Regional Federalism" not policy overhaul that are usually Dead on Arrival within the present system.

You are banking 90% on assumption, this isn't a good way to plan.

Fyi: Buhari is a product of the cabals. Don't worry, you will soon come to terms.


I'm done bro...

I am a firm believer in Buhari, I voted for him first in 2003 and has never wavered, until he proves me wrong, I have no reason whatsoever to doubt his integrity, you can now go to bed son!, remember to shut the blinds

unfounded claims come from the Phase 2 and Phase 5 You claim "it is estimated that a Nigerian home, consumes an average of 45l of petroleum products in 24hrs" if we take the number of homes you estimated and multiply by 45 l per 24 hours we get a figure that only
exists in fantasy land.

Phase 5....NPDC rebasing..what is the true cost of a barrel of oil to be delivered to the refineries by NPDC , what
happens if consumption is greater than NPDC production.Even if we divert all domestic production quota
to the refineries at "True cost" would that not be a transfer of subsidy and not elimination, transfer from
finished product to unprocessed crude.Can the Government absorb the opportunity cost -Lower earnings.

What do you think about the president's proposal for swap agreements and how would those swaps help

develop domestic refineries in a more efficient manner that the swaps currently in operation

Beremx:
Poverty is really a disease.

See TANoids groaning about Aisha Buhari's wristwatch.
so you people want her to wear watch sold by those abokki who roam the streets selling wrist watches?


Ndi ara!